CHARITY REGISTRATION NtTrtBER: 1082723
MENACHEM GENERAL CHARITABLE TRUST
Unaudited Finaneial Statements
For the year ended
31 March 2024
COHEN ARNOLD
CHARTERED ACCOUNTANTS
LONDON NWII OPU

MENACHEM GENERAL CHARITABLE TRUST
Financial Statements
Year ended 31 March 2024
PAGES
Trustees, Annual Report
Ito2
Independent examinefs re￿rt to the trust¢¢s
Statement of Financial Activities
Statement of Financial Position
Notes to the Financial Stat¢m¢nt$
6t012

MENACHEM GENERAL CHARITABLE TRUST
Trustees, Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended
31 March 2024.
Reference and administrative details
Registered charity Dame
Charity registration number
PrincipAI office
Menachem General Charitable Trust
1082723
141 B Upper Clapton Road
London
E5 9DB
The Trustees
Mr E Englander (Chairn)an)
Mrs H Z Weiss
Mr F L¢ichtag
Asher Stemlicht FCA
Cohen Arnold
Chartered accountants
New Burlington House
1075 Finchley Road
LONDON
NWI I OPU
Independent Examiner
Structure? governance and management
Governing Document
The charity is governed by a Trust Deed dated 14 September 2001.
Appointment and Recruitment of Trusteey
The Trustees administer the day-to-day affairs of the charity. Every Trustee holds office until he/she
shall die or shall cease to hold office by virtue of the Trust Deed.
None of the trustees have any beneficial interest in the charity.
ere there is a requirement for new Trustees, these would be identified and appointed by the remaining
Trustees. The Chaimian of the Trustees would be responsible for the induction of any new Trustee,
which involves awareness of a Trustee's responsibilities, the governing document, administrativ¢
procedures, the history and philosophical approach of the Charity. A new Trustee would receiv¢ copies
of the previous year's annual report and accounts with detailed explanation thereof.
Risk Management
The trustees have identified and reviewed the major risks to which the Charity is exposed, in particular
those related to the operations and finance of the Charity, and are satisfied that systems are in place to
mitigate those risks.
It is recognised that systems can only provide reasonable but not absolute assurance that major risks
have been adequately managed.

MENACHEM GENEIUL CHAIUTABLE TRUST
Trustees, Annual Report fconfinued)
Year ended 31 March 2024
Objectives and activities
The Charity is established to further those purposes both in the United Kingdom and abroad recognised
as charitable by English Law. Pursuant to the objects and having regard to the guidance of the Charity
Commission relating to Public Benefit, the Trustees made grants to religious, educational and
organisations for the relief of poverty.
Grani Making Policy
The Trustees are approached for donations by a wide variety of charitable institutions operating in the
United Kingdom and abroad. The Trustees consider all requests which they receive and make donations
based on th¢ l¢vel of funds available.
Grants and donations in the year totalled £59,500 (2023: £27,500).
Financlal review
Income from donations and investments aggregated £64.657. Total resources expended were £73,202
resulting in net expenditure (before net loss¢s on investments) of £8,545.
The Charity's Statement of Financial Activities shows a net deficit of £9,384 (2023: £24,417 surplus)
and total reserves of £1,601.935 (2023: £1.611,319}.
The financial results of the Charity's activiti¢s for the year to 31 March 2024 are fully reflected in the
attached Financial Statements together with the Notes thereon.
Reserves Pollcy
The Reserves Policy of the Trustees is to maintain unrestricted fijnds, which are the free reserves of the
Charity, at a level they consider appropriate to the Charity's needs taking into account likely future
requirements.
Plans for future periods
The Trustees plan to continue making distributions in accordance with their grant-making p(ilicy and to
ensure that the ability to generate sufficient income is maintained to achieve that end.
The trustees, annual report was approved on
trustees by:
*..&o.land signed on behalf of th¢ board of
Mr E Englaiide
Trustee

MENACHEM GENERAL CHARITABLE TRUST
Independent Examiner's Report to the Trustees of
Menachem General Charitable Trust
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Menachem General Charitable
Trust ('the charity,) for the year ended 31 March 2024.
RESPONSIBILITIES AND BASIS OF REPORT
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's financial statements carried out under section 145
of the 201 l Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirni that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting record5 were not kept in respect of the charity as required by section 130 of the
the financial statements do not accord with those records. or
the financial statements do not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Account5 and Reports) Regulations 2008
other than any requirernent that the accounts give a 'true and fair, view which is not a matter
considered ￿ part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Asher Sternlicht FCA
Independent examiner
COHEN ARNOLD
Chartered accountants
New Burlington House
1075 Finchley Road
LONDON
NWII OPU
Date:
2025

MENACHEM GENERAL CHARITABLE TRUST
Statement of Financial Activities
31 Ivlarch 2024
2024
Unrestricted
funds Total funds Total funds
2023
Note
Income and endowments
Investment income
64,657
64,657
73,604
Total income
64,657
64,657
73,604
Expenditure
Expenditure on raising funds..
Investment management costs
Expenditure on charitable activities
Total expenditure
{12,568)
(60,634)
(73,202)
(12,568)
(60,634)
(73202)
(16,356)
(28,650)
(45,006)
Net loss on investments
(839)
(839)
(4,181)
Net (expenditure)lincome and net movement In funds
(9,3 84)
(9,384)
24.417
Reconciliation of funds
Total funds brought forward
Total funds carried fonvard
,611,319
1,611a19
1.586,902
1,611,319
1,601,935
1,601,935
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 6 to 12 form part of these financial st￿teMents.

MENACHEM GENERAL CHARITABLE TRUST
Statement of Financial Position
31 March 2024
2024
2023
Fixed assets
Investments
14
1,529,868
1,530.707
Current assets
Debtors
Cash at bank and in hand
15
12,732
75,269
20,159
80,878
101,037
88,001
Creditors: amounts falling due
within one year
Net current assets
16
(15,934)
(20,425)
72,067
1,601,935
80,612
Total assets less current liabilities
1,611.319
1,611.319
Net 28sets
1,601,935
Funds of the charity
Unrestricted funds
1,601,935
1,601,935
1,611,319
1,611,319
Total charity funds
17
Tliese financial statements were approved by the board of trustees and authoris¢d for issue on
.. s>v￿g..￿¥and are sigmed on behalf of the board by:
Mr E Englaii
Trustee
er
The notes on pages 6 to 12 form part of these finan¢ial ststements.

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is registered charity in England and Wales and is unincorporated. The address of the
principal office is 141 B Upper Clapton Road, London, E5 9DB.
Statement of compliance
These financial statements have been prepared in compliance with FRS I02. 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP {FRS 102)) and the Charities Act 2011.
Accounting policles
BASIS of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional Cu￿encY of the entity.
Judgements and key sources of eslimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amounts of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future periods.
The valuation of investment properties is inherently subjective, depending on many factors,
including the individual nature of each property, its location and expected futur¢ net rental values,
market yields and comparable market transactions. Therefore, the valuations are subject to a degree
of uncertainty and are made on the basis of assumptions which may not prove to be accurate,
particularly in periods of difficult market or economic conditions.
Income tax
The charity is not liable to direct taxation on its income or gains, whether realised or not, as it falls
within the various exemptions liable to registered charities. Accordingly, the charity does not
recognise any deferred tax liability on revaluations of investments as no tax would be due in the
event of a disposal as the charity would benefit frotn the relevant exemptions, as it will apply all
funds for qualifying charitable purposes.

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements fcomilnued)
Year ended 31 March 2024
Aecounting policies {colllirtMÉd)
Investment Properties
Investment properties are properties which are held either to earn rental income or for capital
appreciation or for both. Investment properties are recognlsed initially at cost.
Subsequent to initial recognition
(A) Investment properties whose fair value can be measured reliably without undue cost or effort
are held at fair value. Any gains or losses arising from changes in the fair value are recognised in
the income and expenditure account in the period that they arise. and (li) No depreciation is
provided in respect of investment properties applying the fair value model.
Investment property fair value is detemiined by the trustees based on professional valuations, their
understanding of property market conditions and the specific properties concerned using a sales
valuation approach, derived from recent Comparable transactions on the market, adjusted by
applying discounts to reflect status of occupation and condition,
Acquisitions and disposals of properlies
Acquisitions and disposals of properties are considered to take place at the legal completion and
are included in the financial statements accordingly.
Trade debtorg
The trustees use details of the age of trade debtors and the status of any disputes together with
external evidence of the credit status of the counteryjarty in making judgements concerning any
need to impair the carying values.
Fund accounting
General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure
account. They are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity.
Restricted funds are funds subject to specific restricted conditions imposed by donors. There are
no restricted funds as at the Balance Sheet date.
Designat¢d funds are funds which have been set aside at the discretion of the trustees for specifi
purposes. There are no designated funds as at the Balance Sheet date.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity. it is probable that the econotnic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
appli¢d to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements feonilnued)
Year ended 31 March 2024
Accounting policies (conllnued)
Incoming resources (Contlnmed)
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular putpose and returned if unspent, in which case
it may be regarded a5 restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of financial
activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activ ities they contribute to on a reasonable, justifiable and consistent basis.
Grants payable
These are only recognised in the accounts when a commitment has been made and there are no
conditions to be met relating to the grant which remain in the control of the charity.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initial ly recognised at the amount receivable or payable including
any related transaction costs, unless the arrangement constitutes a financing transaction, where it
is recognised at the present value of the future payments discounted at a market rate of interest for
a similar debt instrument.
Current assets and current liabilities are subsequently tne&sured at the cash or other consideration
expected to be paid or received and not diS￿unt¢d.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impaimi¢nt, an
impairnient loss is recognised under the appropriate heading in the statement of financial activities
in which the initial gain was recognised.

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements (eonllnued)
Year ended 31 March 2024
Accounting policies rcontinued)
Any reversals of impairnient are recognised immcdiately, to the extent that the reversal does not
result in a canying amount of the financial asset that exc¢cds what th¢ canying amount would have
been had the impainnent not previously been recognised.
Investment income
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Income from UK investment
propertles
Interest receivable
62,508
2,149
62,508
2,149
73,332
272
73.332
272
64,657
64,657
73,604
73,604
lllvestment management eosts
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Investment property management
costs
12,568
12,568
16,356
16.356
Expenditure on ch&ritAble activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations Paid
Support costs
59,500
1,134
60,634
59,500
1,134
27,500
,150
27,500
1,150
28,650
60,634
28,650
Expenditure on charitable Activities by activity type
Grant
funding of
activities Support costs
Total funds Total funds
2024
2023
Donations Paid
Governance costs
59,500
59,500
1,134
27,500
1,150
1,134
1,134
59,500
60,634
28,650

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements (eollilnued)
Year ended 31 March 2024
Analysis of grants
2024
2023
Grants to institutions
Donations Paid
59,500
27,500
27,500
Total grants
59,500
All donations were made to charities whose objectives are in line with the objectives of the charity.
The composition of donations is shown below.
Yom Tov Grants
Kollel Mishkon Yakov Limited
Mesifta Talmudical College
Bels Aharon Trust Limited
Kollel Rabinov (Divrei Shir) Foundation
Other grants
20,000
16,000
4,000
4,000
3,000
12,500
£59,500
Net gains on investments
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Loss on revaluation of unlist¢d
investment
(839)
(839)
(839)
(839)
(4,181)
(4,181)
(4,181)
(4,181)
10. Net income
Net income is stated after charging:
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial ststements
985
975
11. Staff costs
No salaries or wages have been paid to employees during the year.
No staff were employed by the charity during the reporting period.
io

MENACHEM GENEII4L CHARITABLE TRUST
Notes to the Financial Statements (collilnued)
Year ended 31 March 2024
12. Trustee remuneration 2nd expenses
No salaries or wages have been paid to employees, including the trustees, during the year. The
charity did not meet any individual expenses incurred by the trustees for services provided to the
charity.
13. Investments
Investment
Other
properties investments
Total
Valuation
At l April 2023
Revaluations
1,475,000
55,707
(839)
1,530,707
{839)
At 31 March 2024
1,475,000
54,868
1,529,868
CarryiDg amount
At 31 March 2024
1,475,000
1.475,000
54,868
1,529,868
1,530,707
At 31 March 2023
55,707
The charity's investment properties were valued by the trustees at 31 March 2024 based on
the trustees, understanding of property market conditions and the specific properties
concerned, using a sales valuation approach, derived from recent comparable transactions on
the market, adjusted by applying discounts to reflect status of occupation and condition.
b. The historical cost of the properti¢s is £625.851 (2023: £625,851).
The Trust holds l 00 % of the Issued Share Capital in Caneprop Limited, a property investment
company incorporated in Great Britain and registered in England.
The Loss for the Financial Year and aggregate Capitsl and Reserves ofthe Company at 31 March
2024 were £839 and £54,868 respectively.
The fair value at 31 March 2024 of the Investments in unquoted Companies is based on the
underlying value of assets less liabilities of these Companies. The valuation of properties and
other assets in these Companies has been made by the Trustees of the Charitable company.
14. Debtors
2024
2023
Rents and charges receivable
Other debtors
6,699
6,033
7,656
12,503
12,732
20.159

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements {conrtnuÈd)
Year ended 31 March 2024
15. Creditors: amounts falling due within one year
2024
2023
Trade creditors
Other creditors
7,424
8,510
15,934
7.300
13,125
20,425
16. Analysis of charitable funds
Unrestrficted funds
Atl
April
2023
At31
March
2024
Income Expenditure
General funds
1,611,319
64.657
(74,041) 1,601,935
Atl
April
2022
At31
March
2023
Income Expenditure
General funds
1,586,902
73,604
(49.187) 1,611 J19
17. Analysis of net assets between funds
Unrestricted Total Fund8 Unrestricted Total Funds
Funds
2024
Funds
2023
Investments
Current assets
Creditors less than one year
Net assets
1,529,868
88,001
(15,934)
1,601,935
1,529,868
88,001
(15,934)
1,601,935
1,530,707
101,037
(20,425)
1,611.319
1,530,707
101,037
(20,425)
1,611,319
18. Related parties
Th¢r¢ have been no related party transactions in the reporting period that require disclosure.
12